During the condo boom of the last decade, Related was Miami’s most prolific developer of condos, putting up more than 15,000 and tallying a few banner sales years, including 2007, when the company hawked more than $1.5 billion in real estate. (View related slideshow.)

The buzz these days is that Mr. Pérez’s is buying up land in and around Miami, that he’s about to close on a deal to buy the distressed note behind the Omni International Mall, and that he’s getting ready to put a shovel in the ground on two new-construction projects. The curious thing is where they’re located: next to the old ones. Read More »